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The Los Angeles City Council is considering changing the way it sets annual allowable increases for rent-controlled properties for the first time in nearly 40 years. That's good. The law needs to ...
The Tenant Protection Act of 2019 caps annual rent increases at 5% plus regional inflation. [51] For example, had the bill been in effect in 2019, rent increases in Los Angeles would have been capped at 8.3%, and in San Francisco at 9%. [51] The increases are pegged to the rental rate as of March 15, 2019. [51]
The U.S. Bureau of Labor Statistics' consumer price index in April for the Los Angeles area was 3.9% — add 5% to that and you have this year's limit of 8.9% for the county of Los Angeles. It ...
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When comparing the rental rates of Los Angeles and the average rate across the United States one can see just how much higher the city is compared to the rest of the country. While in 2017 the average rental rate in the United States was $1,357, in comparison the average rental rate in Los Angeles in 2017 was $2,284, almost a $1,000 average ...
It is the most populous city in the Inland Empire and in Riverside County, and is about 50 miles (80 km) southeast of downtown Los Angeles. It is also part of the Greater Los Angeles area. Riverside is the 59th-most-populous city in the United States and the 12th-most-populous city in California. As of the 2020 census, it had a population of ...
Cities in the Los Angeles area are seeing lower rents as Orange County prices hold firm or even increase. Experts are calling for more tenant protections.
If rental habits remain status quo, this July roughly 600,000 Los Angeles rent-controlled tenants will face a 3% rent increase, with some facing as much as a 5% hike. In these tough economic times ...
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